The global automotive bumpers market is expected increase over the forecast period driven by the technological advancement in automotive industry. The automotive bumpers market growth is highly co-related to auto industry. Bumpers (front/rear) are made along with an attachment brackets to protect the vehicle in low-speed collision as well as to protect pedestrians. In order to absorb energy, bumpers are made by covering a reinforcement bar which are composed of steel, aluminum, fiberglass composite and plastics.
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The global automotive industry has been witnessing strong growth in terms of profitability and sales across the developing nations. The automotive application areas such as bumpers are foreseen to refurbish the mode of maneuvering sophisticated automotive processes.Surging emphasis on regulatory standard have beenobserved in Europe and North America. International safety regulations, originally devised as European standards under the support of the United Nations, have now been adopted by most countries outside North America. U.S. CAFE standards come into effect in 2016, which ensure vehicles must now average 34.1 miles per gallon.
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The key drivers in automotive industry such as changing demographic trends, stringent regulatory scenario for safety & fuel economy and the available information are expected to offer immense opportunities to the suppliers over the next seven years.Rising consumer demand for high-end products at low cost expected to positively impact industry dynamics in terms of production. Safety related features are increasingly being added as standard equipment in new models.
The global automotive bumpers market can be segmented by product, material design, and region. In market five broad types of bumpers are available to suit distinct vehicle. The standard bumpers which can be seen on most vehicles/cars. Deep Drop/Cowboy Bumper is typically found on older trucks and is suited for heavy-duty towing. Roll Pan Bumper is found on custom compact truck.
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